For the stock market trading session on 05 September 2019, major support level of Nifty is expected to be in the range of 10,745 to 10,635 whereas major resistance level is expected to be in the range of 10,920 to 11,025. Considering the prevailing conditions of the market, here are top 10 stocks to watch for 05 September 2019:
Steel Authority of India Limited:
Steel Authority of India Limited (SAIL) opened with positive note and traded with positive sentiments throughout the day. It went up by 6.57 percent and closed near to its high.
State Bank of India:
On Wednesday State Bank of India (SBIN) opened with positive note and traded with positive sentiments throughout the day. It closed with overall gain of around 2.44 percent on daily basis. Stock has risen after fall of 4 trading sessions.
Canara Bank (CANBK) closed negative for five consecutive sessions in a row. It is trading near its 36-month low. On Wednesday it closed at 192.05 with overall loss of 2.51 percent on daily basis.
Reliance Industries Limited:
As on 04 September 2019 Reliance Industries Limited (RELIANCE) recovered from lower levels however, it closed negative for two consecutive session in this week. Reliance Jio GigaFiber that has been renamed Jio Fiber will be launched in India on 5 September 2019.
Tata Consultancy Services Limited:
As on 04 September 2019 Tata Consultancy Services Limited (TCS) opened with positive note however it traded negative throughout the session. It closed with marginal loss of 0.28 percent on daily basis.
Tech Mahindra Limited:
On Wednesday Tech Mahindra Limited (TECHM) traded in narrow range. It closed negative after rise for 4 consecutive trading session. Scrip is trading below its 100 and 200 Days EMAs.
Sun Pharmaceutical Industries Limited:
On Wednesday Sun Pharmaceutical Industries Limited (SUNPHARMA) fell more than 8 percent however, it recovered around 5 percent from the lower levels. It closed at 426 with an overall loss of 3.04 percent on daily basis.
Maruti Suzuki India Limited:
Yesterday Maruti Suzuki India Limited (MARUTI) closed with overall loss of 4.04 percent on daily basis, as company has decided to halt production at its Gurugram and Manesar manufacturing plants in Haryana for two days- 7 September and 9 September 2019.
As on 4 September 2019 Escorts Limited (ESCORTS) opened with negative note and traded with negative sentiments throughout the session. It closed at 457.80 with overall loss of 6.88 percent on daily basis.
Britannia Industries Limited:
Britannia Industries Limited (BRITANNIA) fell down 3.02 percent intraday as on 4 September 2019 and closed at 2626.05. Scrip is closed below its 50,100 and 200 days EMAs.